NBCUniversal Will Lay Off 500 Employees Due to Budget Cut


NBCUniversal Will Lay Off 500 Employees Due to Budget Cut
The media company is reportedly cutting about 1.5 percent of its total workforce from various divisions.


Another wave of layoffs is likely coming within NBCUniversal. A source says the media company is going to cut a total of 500 employees or 1.5% of its total workforce as a part of cost-cutting effort.

The decision will affect various TV divisions of NBCUniversal, including NBC, Syfy, USA, G4, E! and Bravo. The company reportedly didn't give individual divisions a target of a number of layoffs, but asked them to eliminate inefficiencies and duplications among staffs at various departments before year's end.

Back in August, NBC's "The Tonight Show with Jay Leno" had to let go around 20 staffers as a part of budget cut. Later in October, G4 network canceled "Attack of the Show!" and "X-Play" which led to the departures of several dozen employees.

NBCUniversal has been trying to trim down its cost following the Comcast merger. The company refused to comment on the issue.

© AceShowbiz.com


MORE FROM NEWS
Leave a Comment

Required fields are marked with *

  random image 
TODAY'S HEADLINES
  1. Kim Kardashian to Co-Host 'Live' With Ryan Seacrest
  2. Leah Remini Slams 'Diabolical' Tom Cruise, Says He's Not a Good Person
  3. George Clooney's Wife Amal Looks Skeletal Just Weeks After Welcoming Twins
  4. Samuel L. Jackson Returns for 'Shaft' Sequel, Jessie T. Usher Lands Lead Role
  5. These Two Horror Directors in Contention for 'Justice League Dark'
  6. 'Super Troopers 2' Set for 2018, Official Synopsis Revealed
  7. Porn Site Offers to Produce 'Sense8' Season 3
  8. Say What?! Prince William and Harry Have Cameos in 'Star Wars: The Last Jedi'
  9. Chris Pine and Former Fling Olivia Munn May Rekindle Their Romance
  10. Reps for Ben Affleck and Casey Affleck Clarify Batman Comments